Bermuda BM: Tariff Rate: Applied: Simple Mean: All Products

Bermuda BM: Tariff Rate: Applied: Simple Mean: All Products data was reported at 22.240 % in 2021. This records a decrease from the previous number of 22.260 % for 2020. Bermuda BM: Tariff Rate: Applied: Simple Mean: All Products data is updated yearly, averaging 19.150 % from Dec 2007 to 2021, with 15 observations. The data reached an all-time high of 39.960 % in 2019 and a record low of 18.150 % in 2014. Bermuda BM: Tariff Rate: Applied: Simple Mean: All Products data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bermuda – Table BM.World Bank.WDI: Trade Tariffs. Simple mean applied tariff is the unweighted average of effectively applied rates for all products subject to tariffs calculated for all traded goods. Data are classified using the Harmonized System of trade at the six- or eight-digit level. Tariff line data were matched to Standard International Trade Classification (SITC) revision 3 codes to define commodity groups. Effectively applied tariff rates at the six- and eight-digit product level are averaged for products in each commodity group. When the effectively applied rate is unavailable, the most favored nation rate is used instead. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of simple mean tariffs.;World Bank staff estimates using the World Integrated Trade Solution system, based on data from United Nations Conference on Trade and Development's Trade Analysis and Information System (TRAINS) database and the World Trade Organization’s (WTO) Integrated Data Base (IDB) and Consolidated Tariff Schedules (CTS) database.;;

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